501 Toronto Rd, Springfield, IL 62711
This exceptional 5.227-acre parcel of land, located at 501 Toronto Road in Springfield, Illinois, presents a unique investment opportunity. Zoned B-1, this property boasts convenient access to all utilities, making it ready for immediate development. The expansive acreage offers significant flexibility, with the possibility of subdivision to accommodate multiple projects. Its strategic location in Springfield, within Sangamon County, and its proximity to major transportation routes, ensures high visibility and accessibility. The B-1 zoning allows for a wide range of commercial uses, including but not limited to hotels, restaurants, convenience stores, and financial institutions. This makes it an attractive proposition for developers seeking a versatile site to build a variety of commercial ventures. The property's size and zoning regulations provide ample opportunity for creative development plans, catering to a diverse range of business needs. The asking price for this exceptional commercial land is $949,000. This represents a compelling investment opportunity in a thriving Illinois market. The property is situated at 39.71467 latitude and -89.649314 longitude, with a zip code of 62711. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.